XML 14 R4.htm IDEA: XBRL DOCUMENT v3.22.2
Consolidated Balance Sheets - USD ($)
$ in Millions
Jun. 30, 2022
Dec. 31, 2021
ASSETS:    
Cash and cash equivalents $ 1,983.4 $ 3,270.0
Accounts receivable, net of allowance of $58.8 and $68.5, respectively 4,014.9 5,177.7
Accounts receivable, billable to clients 2,233.0 2,347.2
Assets held for sale 17.7 8.2
Other current assets 511.8 428.7
Total current assets 8,760.8 11,231.8
Property and equipment, net of accumulated depreciation and amortization of $1,240.1 and $1,201.6, respectively 641.6 675.8
Deferred Income Tax Assets, Net 300.6 301.4
Goodwill 4,855.2 4,908.7
Other intangible assets 799.8 847.5
Operating lease right-of-use asset 1,446.4 1,544.4
Other non-current assets 444.8 399.6
TOTAL ASSETS 17,249.2 19,909.2
LIABILITIES:    
Accounts payable 6,861.3 8,960.0
Accrued liabilities 623.5 918.1
Contract liabilities 664.4 688.5
Short-term borrowings 45.7 47.5
Current portion of long-term debt 0.6 0.7
Current portion of operating leases 255.0 265.8
Liabilities held for sale 12.2 9.4
Total current liabilities 8,462.7 10,890.0
Long-term debt 2,906.1 2,908.6
Non-current operating leases 1,468.7 1,576.0
Deferred compensation 288.2 329.1
Other non-current liabilities 625.1 600.7
TOTAL LIABILITIES 13,750.8 16,304.4
Redeemable noncontrolling interests 9.4 15.6
STOCKHOLDERS' EQUITY:    
Common stock 39.6 39.3
Additional paid-in capital 1,222.1 1,226.6
Retained earnings 3,311.8 3,154.3
Accumulated other comprehensive loss, net of tax (988.9) (894.2)
Stockholders' Equity before Treasury Stock 3,584.6 3,526.0
Treasury Stock, Value (147.9) 0.0
Total IPG stockholders' equity 3,436.7 3,526.0
Noncontrolling interests 52.3 63.2
TOTAL STOCKHOLDERS' EQUITY 3,489.0 3,589.2
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY 17,249.2 19,909.2
Parentheticals:    
Allowance for doubtful accounts receivable (58.8) 68.5
Accumulated depreciation, property and equipment $ (1,240.1) $ 1,201.6